Inside Out Blog

The Best Kind of Currency to Use Abroad

When traveling overseas, you may quickly notice that you are charged fees to your credit card every time you use it. You can be charged up to $5 for a transaction fee, along with up to three percent for currency conversion. You can also incur a fee from the machine you are using, the credit card company may impose a one percent fee on international transactions, and the issuing banks may also charge additional fees. While you can shop around for a lower fee credit card, your best bet may be to just use cash. Withdraw larger amounts at your ATM visits to avoid several transaction fees. Make sure you stow your cash carefully in a money belt or other secure place, and you'll be sure to come out ahead.

It’s always beneficial to learn something new! At Parks at Nexton Apartments in Summerville, South Carolina, we love to provide you with thought-provoking facts that will make you reflect on different aspects of life.